Nepal’s foreign trade has shown significant growth in the first month of the current fiscal year (2082/83), according to preliminary data from the Trade and Export Promotion Centre. The country’s total foreign trade increased by 18.8% compared to the same period last year, reaching Rs. 166.97 billion. This growth is primarily fueled by a remarkable…
The ongoing NADA Auto Show 2025 at Bhrikutimandap has successfully drawn crowds with its impressive lineup of new models, special offers, and a diverse range of vehicles, especially electric ones. The exhibition, which runs until August 25, features both gasoline and EV models from various international brands. Highlights of the ShowThe event has captivated visitors…
Nepal’s automobile sector has received over NPR 200 billion in loans from banks, financial institutions, and hire purchase companies, according to Guru Prasad Paudel, Executive Director of Nepal Rastra Bank (NRB). Speaking at a program during the NADA Auto Show on Friday, Paudel stated that the central bank does not consider the auto sector to…
The Government of India has granted permission for Nepal to export an additional 80 megawatts (MW) of electricity. This new approval allows for the export of power from two hydropower projects: the 48.5 MW Mewakhola and the 31.04 MW Karuwa...
The Nepal Rastra Bank (NRB) has increased the payment limit for silver imports, allowing importers to now bring in silver worth up to $500,000 per transaction. Previously, businesses in the gold and silver sector could only import silver for industrial...
The increasing use of LP gas in Nepali kitchens and industries is leading to a significant outflow of foreign currency, raising concerns about its impact on the nation's economy. Soaring Import Costs According to the Nepal Oil Corporation, over a...
Nepal's Finance Ministry has unveiled a major report titled "Fiscal Risk and Strategy," which identifies 11 key financial risks facing the nation and lays out 21 targeted strategies to address them. The comprehensive plan is designed to enhance Nepal's fiscal...
Based on the information provided, here is a summary of the Government of Nepal's financial status for the first 15 days of the fiscal year 2082-83, along with details about the new budget and its implementation guidelines. Government of Nepal's...
A long-awaited solution to Kathmandu Valley's notorious traffic congestion at Koteshwor Chowk is set to materialize with the construction of a cut-and-cover tunnel and two flyovers. For this ambitious infrastructure project, the Japan International Cooperation Agency (JICA) will provide Nepal...
A landslide has completely obstructed the Kaligandaki road section following a massive rockfall on Thursday morning. According to the District Police Office, the landslide occurred between Gargare and Muluk areas of Kaligandaki Rural Municipality, blocking the road entirely. Ganga Bahadur...
